A Word from Wanda
Setting a New Standard for Affordable Housing
Last week, residents began moving into Willard Street Apartments, a new affordable housing community in downtown Durham. I had the opportunity to tour this property that’s setting a new standard for affordable housing. Like many downtown properties, it offers a great location and desirable amenities including a community kitchen and multi-purpose room, local art displays, a landscaped plaza with a view of the skyline, and easy access to Durham Station.
While the Willard Street Apartments look like other market-rate apartments and condos in downtown, the 82 units are available to residents making less than 60% of annual median income (AMI), with approximately 25% reserved for residents making less than 30% of AMI. For reference, for a one-person household in Durham, 60% AMI is $38,200 and 30% AMI is $19,100. Currently, the waiting list for Willard Street is closed, but you can learn more online or by contacting property management at 919-698-2622.
The Willard Street project is part of the City’s ongoing investment in affordable housing. Over the next several years, a combined $160 million from the Durham Affordable Housing Bond and local and federal funding will be used to reach goals including:
Building 1,600 affordable housing units and preserve 800 rental units
Moving 1,700 homeless individuals to permanent housing
Providing 400 affordable home ownership opportunities to first-time homebuyers
Helping 3,000 low income renters and buyers stay in or repair their homes
The City is proud to be part of this project to increase quality, affordable housing in Durham. It’s important to mention that this project would not be possible without an innovative public-private partnership including non-profit community developers DHIC, Inc. and Self-Help Ventures Fund, Duke University, the AJ Fletcher Foundation, and many other partners.
I want to welcome the Willard Street Apartment residents to their new homes and look forward to expanding these opportunities to more of our residents.
Until next week,